Louisiana-Pacific (NYSE:LPX) CEO Sells $1,874,213.88 in Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 21,252 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $88.19, for a total value of $1,874,213.88. Following the transaction, the chief executive officer directly owned 460,883 shares in the company, valued at approximately $40,645,271.77. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

William Bradley Southern also recently made the following trade(s):

• On Monday, February 2nd, William Bradley Southern sold 7,080 shares of Louisiana-Pacific stock. The shares were sold at an average price of $85.16, for a total value of $602,932.80.
• On Thursday, January 15th, William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock. The stock was sold at an average price of $93.08, for a total value of $1,318,571.28.
• On Wednesday, January 14th, William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock. The stock was sold at an average price of $91.66, for a total value of $5,073,014.36.
• On Tuesday, December 16th, William Bradley Southern sold 1,318 shares of Louisiana-Pacific stock. The shares were sold at an average price of $85.38, for a total value of $112,530.84.
• On Monday, December 15th, William Bradley Southern sold 42,514 shares of Louisiana-Pacific stock. The stock was sold at an average price of $86.25, for a total transaction of $3,666,832.50.

Louisiana-Pacific Price Performance

LPX opened at $97.26 on Friday. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $117.75. The company’s 50 day simple moving average is $86.55 and its 200 day simple moving average is $88.33. The stock has a market capitalization of $6.77 billion, a PE ratio of 31.48 and a beta of 1.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same period in the prior year, the business earned $1.22 EPS. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Leonteq Securities AG purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $226,000. PNC Financial Services Group Inc. grew its stake in Louisiana-Pacific by 16.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,583 shares of the building manufacturing company’s stock valued at $370,000 after purchasing an additional 632 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Louisiana-Pacific by 341.7% during the 4th quarter. GSA Capital Partners LLP now owns 12,871 shares of the building manufacturing company’s stock worth $1,039,000 after purchasing an additional 9,957 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Louisiana-Pacific by 48.6% in the 4th quarter. Handelsbanken Fonder AB now owns 25,376 shares of the building manufacturing company’s stock valued at $2,049,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Louisiana-Pacific by 2,547.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock valued at $31,126,000 after buying an additional 370,856 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LPX. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. TD Securities reduced their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Barclays boosted their price objective on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, DA Davidson reissued a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.57.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.